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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Doug Meetmer who wrote (3652)8/30/1997 12:20:00 AM
From: Eric Tai   of 20681
 
Doug,
I shared some of your questions, especially the missing of
BD anywhere in the news release is quite puzzling.

I read it a few times, it said
that the line of custody Ledoux samples (0.21 and 0.25 opt au equivalent figures) just use the stage 1 method.
They are shipping equipments to Ledoux to do the other
two stages later using all line of custody samples. No mention of fire assay for stage 1 result.

For non-line of custody samples using stage 1 and 2 method, they get the 0.734 opt au equivalent. Again no mention of fire assay.
Seemed to be similar sample but at greater depth.

For non-line of custody surface bulk samples using stage 1, 2 and 3 method, they get over 3 opt au equivalent figures.
They used standard fire assay for the method with all 3 stages involved.

Seems that they get better results with more stages
but result not conclusive since the samples are all different in all 3 cases.

And since the last two are only non-line-of-custody samples,
should ignore those non-line-of-custody results until Ledoux came up
with line of custody samples using stage 1,2,3 methods and standard fire assay results.
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